- Active
#116 – 883 Academy Way
Kelowna · Single Family
- Beds
- 3
- Baths
- 3
- Sqft
- 924
- Built
- 2016
Listed by REMAX Kelowna · MLS® 10379236
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Sign inAbout this home
Welcome to a home designed to adapt to the way you live. Whether you're searching for a beautiful place to call home, buying for a university student, or looking for an investment with exceptional flexibility, this three bedroom, three bathroom residence offers opportunities few homes can match. Thoughtfully designed for privacy, where two bedrooms enjoy its own full ensuite. The third bedroom has a full bath in close proximity, making it ideal for guests, independent living, or shared acommodation. The bright, open-concept kitchen is the heart of the home, featuring quartz countertops, stainless steel appliances, a large island with breakfast bar seating, and an inviting living area where everyone naturally comes together. Step outside to an oversized covered patio measuring more than 21 feet in length. Whether you're enjoying your morning coffee, relaxing after class, entertaining friends, or simply taking in the mountain and valley views, this exceptional outdoor space becomes a natural extension of the home. Sold fully furnished and move-in ready, the home also offers in-suite laundry, secure underground parking, and a first-floor location that provides convenient access while still enjoying an elevated outlook. Located just minutes from UBCO, Kelowna International Airport, shopping, restaurants, and transit, this home offers the flexibility to live in, share with others, or create an outstanding investment for years to come.
Home facts
- Bedrooms
- 3
- Bathrooms
- 3 full
- Interior
- 924 sq ft
- Year built
- 2016
- Storey
- 1
- Parking
- 1
- Property type
- Single Family
- Area
- University District
- Listed
- March 12, 2026
- Structure
- Apartment
- PID
- 029-996-058
- Common interest
- Condo/Strata
Highlights
- In-suite laundry
- Patio
- Underground parking
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Wall unit, Heat Pump
- Roof
- Other, Unknown
- Parking
- Parkade
- Lot
- One Balcony
- Community
- Pet Restrictions, Pets Allowed With Restrictions
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $2,730
- Property tax
- $167/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,047
Purchase snapshot
- List price
- $576,000
- Down payment
- $115,200 (20%)
- Estimated mortgage
- $460,800
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $2,741
- At 4.7595 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,784 a month
- Gross yield
- 3.7%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Kelowna
Ten year average, 2016–2025.
- Average temperature
- 9.6°C
- Daily mean across the year.
- Yearly precipitation
- 242 mm
- On the drier side for BC.
- Bright sunshine
- 1,949 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Condo / Apartment · 36%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
